The cap will remain at $81.5 million until hockey-related revenue surpasses $3.3 billion for the previous season. The salary cap won't rise more than $1 million until HRR reaches $4.8 billion unless the NHL and NHLPA mutually agree to inflate it in excess of $1 million.
Once HRR reaches $4.8 billion, the cap could increase by $2 million per season and transition to a formula-based calculation for establishing the cap for the 2023-24 season and beyond. As an example, the 2023-24 salary cap would be calculated using HRR results from 2021-22 and 2022-23.
The NHLPA ability to artificially inflate the salary cap as high as five percent is eliminated.
"We've agreed on how the cap will be set for all six years of the collective agreement," NHL Deputy Commissioner Bill Daly said Saturday, "and the inflator that had previously existed in the Collective Bargaining Agreement will not apply subject to the other inflators that we've agreed to as part of our new agreement."